Evening Market Wrap

Evening Market Wrap Friday, October 14, 2011, 17:01 Contents Commentary Economic News Currency Alerts Political News Commentary Stocks Close Sharply Higher On Upbeat Retail Sales Data - U.S. Commentary With traders reacting positively to upbeat retail sales data, stocks moved sharply higher over the course of the trading day on Friday. The major averages extended the upward move seen in recent sessions, ending the day at their best closing levels in over two months. (Oct 14, 2011) Full Article Economic News U.S. Retail Sales Growth Exceeds Estimates In September Driven in part by a jump in auto sales, U.S. retail sales increased by more than expected in the month of September, according to figures released Friday by the Commerce Department. The report showed that retail sales came in at $395.5 billion in September, representing a 1.1 percent increase over August figures. While economists had expected an increase in sales, most had expected a more modest 0.8 percent increase. (Oct 14, 2011) Full Article U.S. Import Prices Rebound By 0.3% In September U.S. import prices showed a modest increase in the month of September, according to a report released by the Labor Department on Friday, with the report also showing an increase in export prices. The Labor Department said import prices rose by 0.3 percent in September following a 0.2 percent decrease in August. The price growth reflected increases in prices for both fuel and non-fuel imports. (Oct 14, 2011) Full Article U.S. Business Inventories Increase More Than Expected In August U.S. businesses continued to increase their inventories at a slightly faster than expected rate in August while also showing some growth in sales, according to figures released Friday by the Commerce Department. (Oct 14, 2011) Full Article U.S. Consumer Sentiment Index Unexpectedly Drops To 57.5 In October Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of October, according to a report released by Reuters and the University of Michigan on Friday. The report showed that the consumer sentiment index dropped to 57.5 in October from 59.4 in September. The drop surprised economists, who had expected the index to edge up to 60.0. (Oct 14, 2011) Full Article Currency Alerts Dollar Falls Further As Risk Appetite Rises The dollar dropped to a monthly low versus the euro and sterling on Friday, stung by renewed hopes that coordinated action on Europe's sovereign debt crisis will fuel a more robust global economy recovery. With risk appetite and stocks on the rise, the safe haven dollar remained under pressure versus the riskier counterparts, including commodities-backed currencies like Canada's loonie. (Oct 14, 2011) Full Article Political News Romney Raises More Than $14 Million In Third Quarter Republican presidential candidate Mitt Romney announced his third quarter fundraising total on Friday, with the former Massachusetts Governor revealing that his campaign brought in more than $14 million between July and September. The Romney campaign said it raised $14.16 million during the third quarter compared to the $18 million the campaign raised in the second quarter. (Oct 14, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service